Grainmarket to sell City site with potential for new tower

By Richard Williams2018-03-22T05:48:00

Marketing of Lime Street site opposite Lloyd’s Building will test appetite for City development opportunities.

The Lime Street Estate, a pair of office buildings totalling 121,255 sq ft, has been put on the market by Grainmarket Asset Management at an asking price of £78m.

Hall Kemp and Cushman & Wakefield have been appointed to find a buyer for the long-leasehold interest in the estate, which comprises 37-39 and 40 Lime Street, at a net initial yield of 7%.

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